Here’s what’s happening now with mortgage rates after Trump's latest push on housing affordability

In an effort to improve housing affordability, President Donald Trump posted on social media Thursday that he is instructing mortgage giants Fannie Mae and Freddie Mac to buy $200 billion in mortgage bonds. "This will drive Mortgage Rates DOWN, monthly payments DOWN, and make the cost of owning a home more affordable," he said in the Truth Social post.Fannie Mae and Freddie, which are in government conservatorship, do not originate home loans. They buy loans from lenders, bundle them into mortgage-backed se ...